Financial Reports

Investment Performance

The Boston Foundation offers three investment pools to Donor Advised Funds. These three pools allow donors to select the option that best matches the time horizon of their charitable giving plans. Donors may also customize their asset allocation by investing among all three pools. The Balanced Plus Pool asset mix is expected to produce the highest long-term investment return. Accordingly, the Boston Foundation invests the majority of its endowment assets in the Balanced Plus Pool. (Beginning in FY2026, donors have a fourth fund investment option, the Mission First Pool.)

6 Months

1 Year

3 Years

5 Years

10 Years

15 Years

20 Years

Investment Options

Balanced Plus Pool (est. 1999)

6 Months

5.9%

1 Year

10.3%

3 Years

10.8%

5 Years

8.7%

10 Years

7.8%

15 Years

8.2%

20 Years

7.1%

Impact Pool (est. 2020)

6 Months

6.8%

1 Year

12.5%

3 Years

12.2%

5 Years

9.3%

10 Years

n/a

15 Years

n/a

20 Years

n/a

Short-Term Pool (2010)

6 Months

2.1%

1 Year

4.8%

3 Years

4.6%

5 Years

2.8%

10 Years

2.0%

15 Years

n/a

20 Years

n/a

Benchmarks

FTSE World Bond Index

6 Months

7.3%

1 Year

8.5%

3 Years

1.7%

5 Years

-2.5%

10 Years

0.6%

15 Years

0.7%

20 Years

1.8%

65% MSCI A.C. World/35% FTSE World Bond Index

6 Months

9.2%

1 Year

13.5%

3 Years

11.8%

5 Years

7.9%

10 Years

6.8%

15 Years

7.3%

20 Years

6.2%

MSCI All Country World Stock Index

6 Months

10.0%

1 Year

16.2%

3 Years

17.3%

5 Years

13.7%

10 Years

10.0%

15 Years

10.6%

20 Years

8.2%

S&P 500 Stock Index

6 Months

6.2%

1 Year

15.2%

3 Years

19.7%

5 Years

16.6%

10 Years

13.6%

15 Years

14.9%

20 Years

10.7%

Asset Allocation

Balanced Plus Pool

Impact Pool

Assets by Fund Type

Assets by Investment Type

Total Gifts Received

TBF received 2,517 gifts to donor advised funds, totaling $339 million; 53 new DAFs were opened.

Total Grants Paid

In 2025, DAF giving made up 78 percent of grants. The payout rate from TBF donor advised funds was 16 percent; for reference, the required rate for private foundations is 5 percent.

The Boston Foundation Board of Directors

The Boston Foundation is overseen by a distinguished Board of Directors, selected to represent the broad diversity of our community’s interests and needs. All grants from the Foundation are approved by the Board, which also sets policy and guides the Foundation as it fulfills its mission.